Take a punch, throw a punch.
After losing its top Hamptons executive to Sotheby’s International Realty, Compass has poached a new manager from within Sotheby’s ranks.
The firm tapped John Gicking, a former Wall Street executive who managed Sotheby’s East Hampton office, as senior managing director of sales, it said Thursday. Gicking will co-lead Compass’ Hamptons business, and will run the brokerage’s East Hampton and Sag Harbor offices.
Earlier this month, Ed Reale – who was hired seven months ago to head up Compass’ Hamptons operation – left the brokerage and joined Sotheby’s. He now manages Sotheby’s Southampton and Bridgehampton offices.
Compass – which was valued at $800 million at the time of its $50 million Series C round in September — launched in Bridgehampton in October and has since opened offices in East Hampton, Sag Harbor and Southampton.
In January, agent Ed Petrie brokered the sale of hedge funder Scott Bommer’s estate at 101 Lily Pond Lane for $110 million, the second-priciest deal in Hamptons history. (The highest was the $147 million sale of hedge funder Barry Rosenstein’s East Hampton estate in 2014.)